reginajpatton MAN3554 12 Week 6
“Business Impact Analysis (BIA) Capital Strategies”
My Individual Work: Protected Information in a BIA & How to prevent its Loss
By: Regina J. Patton
Workplace Continuity & Contingency Planning – 4
Instructor: Sheila Highland
Everest University Online
Date: November 21st, 2014
(Author Notes)
Kaye, David is a leading author, lecturer, examiner and workshop leader on Risk Management and business continuity subjects. Professor Kaye guides a diverse range of companies, and public sector organizations on risk related issues around the world. He is an FCII, FBCI, MIRM, FRSA and chartered insurer. Julia Graham is a former Board member of the Business Continuity Institute, the Chartered Insurance Institute and Chair of the British Standards Committee responsible for developing the British Standard for Risk Management (BS31100). Julia is the current Chair of AIRMIC, the association of insurance and risk managers which represents the majority of FTSE 250 companies in the UK. She is an FBCI, FCII and Chartered Insurer. Rothstein, Philip J., is FBCI, Editor.
Select an organization and discuss what type of information should be protected in a BIA plan. How would you ensure protection of the confidentiality of such information and prevent its loss?
Let the organization be a production company producing some specific product. The BIA should identify the operational and financial impacts, if possible. These costs should be compared with the costs & gathered information needed to develop a possible recovery strategy, resulting from the disruption of business functions and processes. Impacts to consider include: Lost sales and income Delayed sales, or income Increased expenses (e.g., overtime labor, outsourcing, expediting costs, etc.) Regulatory fines contractual penalties or loss of contractual bonuses, customer dissatisfaction, or defection delay of new business plans. BIA also determine how quickly various systems and processes need to be recovered. These things can be
My Individual Work: Protected Information in a BIA & How to prevent its Loss
By: Regina J. Patton
Workplace Continuity & Contingency Planning – 4
Instructor: Sheila Highland
Everest University Online
Date: November 21st, 2014
(Author Notes)
Kaye, David is a leading author, lecturer, examiner and workshop leader on Risk Management and business continuity subjects. Professor Kaye guides a diverse range of companies, and public sector organizations on risk related issues around the world. He is an FCII, FBCI, MIRM, FRSA and chartered insurer. Julia Graham is a former Board member of the Business Continuity Institute, the Chartered Insurance Institute and Chair of the British Standards Committee responsible for developing the British Standard for Risk Management (BS31100). Julia is the current Chair of AIRMIC, the association of insurance and risk managers which represents the majority of FTSE 250 companies in the UK. She is an FBCI, FCII and Chartered Insurer. Rothstein, Philip J., is FBCI, Editor.
Select an organization and discuss what type of information should be protected in a BIA plan. How would you ensure protection of the confidentiality of such information and prevent its loss?
Let the organization be a production company producing some specific product. The BIA should identify the operational and financial impacts, if possible. These costs should be compared with the costs & gathered information needed to develop a possible recovery strategy, resulting from the disruption of business functions and processes. Impacts to consider include: Lost sales and income Delayed sales, or income Increased expenses (e.g., overtime labor, outsourcing, expediting costs, etc.) Regulatory fines contractual penalties or loss of contractual bonuses, customer dissatisfaction, or defection delay of new business plans. BIA also determine how quickly various systems and processes need to be recovered. These things can be